To mark International Women’s Day, WorldRemit and Access Bank revealed that the gender gap for sending digital remittances to Nigeria is rapidly closing.
According to the report, Nigerians living abroad sent home a record $25bn (NGN 9 trillion) in 2018, making Nigeria the largest remittance receiving country in Africa. As remittances continue to grow, women are making an increasing contribution to the country’s development.
It was also revealed that:
- The proportion of females sending digital money transfers to Nigeria via WorldRemit has grown by 10% within the last five years.
- 37% of WorldRemit’s customers sending to Nigeria are female, compared to 27% in 2014.
The UN estimates that over 46% of Nigerian migrants are female, with the majority living in the United Kingdom and the United States of America. Money sent from mothers, sisters, and aunts living abroad help millions of families in Nigeria pay for essential needs such as healthcare and education. Evidence suggests that, although female migrants tend to earn less than their male counterparts, they send a higher proportion of their income home more frequently.
According to Pardon Mujakachi, Country Manager for Nigeria at WorldRemit says:
“Ensuring digital inclusion for financial services for women on both the send and receive side is critically important, as we know that when women thrive, families, businesses and local economies thrive too. Our data shows that women play an increasingly vital role in Nigeria’s development by sending money home to support education, cover healthcare costs, make investments, and more. At WorldRemit, we’re committed to simplifying that process, and making it faster, cheaper and easier to send and receive remittances.”
In addition to this data, World Remit and Acces Bank are offering new customers zero fees on their first transfer to Nigeria if they use the code ACCESSBANK when making payment.